68895 Palm Canyon dr - Retail FOR SALE
Cathedral City, CA 92234 |
$3,335,000 USD
844-585-7684
68895 Palm Canyon dr
Cathedral City, CA 92234
HIGHLIGHTS
- New 20-Year Absolute NNN Ground Lease; Zero Landlord Responsibilities
- 10% Increases Every 5 Years During the Base Term and Each of the Three 10-Year Options
- Farmer Boys Is a Leading Restaurant Concept That Offers Delicious Meals Made With Fresh, Locally Sourced Ingredients Whenever Possible
- Strategically Situated Across from the New Agua Caliente Casino (Top 2% Casino Nationwide, Placer.ai)
- Located in the Newly Constructed Cathedral Cove Center in the Heart of Downtown Cathedral City: Co-tenants include Circle K, Chipotle, and Starbucks
- Major Tourist Attraction: The Coachella Valley is home to 4 casinos and over 130 golf courses, and Coachella Valley Music & Arts Festival
FOR SALE DETAILS
PRICE
$3,335,000 USD
PRICE/SF
$1,112 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Farmer Boys | Cathedral City, CA
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.98 AC
LAND SF
42,689 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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844-585-7684
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844-585-7684
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